Pension Funds Insider

Pension Funds Insider brings the latest pensions news and industry insights; from investment and governance updates to new mandate appointments and pensions regulatory information.

Chinese mega fund hires overseas managers

25 July 2012

Image for Chinese mega fund hires overseas managers

China's National Council for Social Security Fund (NCSSF), which manages just over £100bn, has announced it had recruited 12 international investment managers last week.

Though the Chinese fund does not normally disclose how much it will invest with external managers, this round of mandates - first announced a year ago – has been estimated by experts to be worth a total of £3.8bn.

The NCSSF said it had hired JP Morgan Asset Management, Lombard Odier, Neuberger Berman and Schroders to handle multi-asset mandates.

An emerging market debt denominated in local-currencies mandate will be handled by Standish Investment Management and Stone Harbor Investment Partners, while investments in natural-resources stock will be managed by AGF Investments, RBC Global Asset Management and Investec.

The fund also plans to invest in real-estate equities, these mandate have been awarded to AMP Capital, AEW Capital Management and European Investors.


First published 25.07.2012